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Lewis turning point

Index Lewis turning point

The Lewis turning point is a situation in economic development where surplus rural labor reaches a financial zero. [1]

17 relations: Agriculture, China, China Economic Review (journal), Distribution (economics), Economic development, Economic surplus, Evan Hurwitz, International Monetary Fund, Political midlife crisis, Real wages, Rural area, Springer Science+Business Media, The New York Times, Tshilidzi Marwala, W. Arthur Lewis, Yale University, 2010 Chinese labour unrest.


Agriculture is the cultivation of land and breeding of animals and plants to provide food, fiber, medicinal plants and other products to sustain and enhance life.

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China, officially the People's Republic of China (PRC), is a unitary one-party sovereign state in East Asia and the world's most populous country, with a population of around /1e9 round 3 billion.

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China Economic Review (journal)

The China Economic Review is a peer-reviewed academic journal of economics publishing quantitative, analytical, and performance and policy analysis on China's economy, its relations with the rest of the world, and other comparative studies.

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Distribution (economics)

In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital).

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Economic development

economic development wikipedia Economic development is the process by which a nation improves the economic, political, and social well-being of its people.

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Economic surplus

In mainstream economics, economic surplus, also known as total welfare or Marshallian surplus (after Alfred Marshall), refers to two related quantities.

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Evan Hurwitz

Evan Hurwitz is a South African Information Engineer.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Political midlife crisis

A political midlife crisis is a turning point or watershed moment in the fortunes of a governance entity such as an empire, nation, faction, political party, or international alliance.

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Real wages

Real wages are wages adjusted for inflation, or, equivalently, wages in terms of the amount of goods and services that can be bought.

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Rural area

In general, a rural area or countryside is a geographic area that is located outside towns and cities.

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Springer Science+Business Media

Springer Science+Business Media or Springer, part of Springer Nature since 2015, is a global publishing company that publishes books, e-books and peer-reviewed journals in science, humanities, technical and medical (STM) publishing.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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Tshilidzi Marwala

Tshilidzi Marwala (OMB) born 28 July 1971 in Venda, Transvaal, South Africa is currently the Vice-Chancellor and Principal of the University of Johannesburg.

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W. Arthur Lewis

Sir William Arthur Lewis (23 January 1915 – 15 June 1991) was a Saint Lucian economist well known for his contributions in the field of economic development.

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Yale University

Yale University is an American private Ivy League research university in New Haven, Connecticut.

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2010 Chinese labour unrest

The 2010 Chinese labour unrest was a series of labour disputes, strike actions, and protests in the south of the People's Republic of China that saw striking workers successfully receive higher pay packages.

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Lewis Turning Point, Lewisian turning point.


[1] https://en.wikipedia.org/wiki/Lewis_turning_point

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